[Federal Register: October 5, 2004 (Volume 69, Number 192)]
[Notices]
[Page 59581-59582]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr05oc04-33]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0095, Rules Relating to Security Futures Products
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing
an opportunity for public comment on the proposed collection of certain
information by the agency. Under the Paperwork Reduction Act of 1995
(PRA), 44 U.S.C. 3501 et seq., Federal agencies are required to publish
notice in the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information, and to allow 60 days for public comment in
response to the notice. This notice solicits comments on rules relating
to Security Futures Products.
DATES: Comments must be submitted on or before December 6, 2004.
ADDRESSES: Comments may be mailed to David Van Wagner, Division of
Market Oversight, U.S. Commodity Futures Trading Commission, 1155 21st
Street, NW., Washington, DC 20581.
FOR FURTHER INFORMATION CONTACT: David Van Wagner (202) 418-5481; FAX:
(202) 418-5527; e-mail: dvanwagner@cftc.gov.
SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain
approval from the Office of Management and Budget (OMB) for each
collection of information they conduct or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) and
includes agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires
Federal agencies to provide a 60-day notice in the Federal Register
concerning each proposed collection of information, including each
proposed extension of an existing collection of information, before
submitting the collection to OMB for approval. To comply with this
requirement, the CFTC is publishing notice of the proposed collection
of information listed below.
With respect to the following collection of information, the CFTC
invites comments on:
Whether the proposed collection of information is
necessary for the proper performance of the functions of the
Commission, including whether the information will have a practical
use;
The accuracy of the Commission's estimate of the burden of
the proposed collection of information, including the validity of the
methodology and assumptions used;
Ways to enhance the quality, usefulness, and clarity of
the information to be collected; and
Ways to minimize the burden of collection of information
on those who are to respond, including through the use of appropriate
automated electronic, mechanical, or other technological collection
techniques or other forms of information technology; e.g., permitting
electronic submission of responses.
Rules Relating to Security Futures Products, OMB Control Number 3038-
0059--Extension
The Commission's Part 41 rules establish the regulatory framework
governing the offer and sale of security futures. Section 5f of the
Commodity Exchange Act mandates that the Commission set forth
procedures that permits certain entities--specifically, national
securities exchanges, national securities associations, and alternative
trading systems--that would otherwise be regulated by the SEC, to
become designated contract markets for the limited purpose of trading
security futures products.
The Commission estimates the burden of this collection of
information as follows:
Estimated Annual Reporting Burden
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Annual number Total annual Hours per
17 CFR section of respondents Frequency of response responses response Total hours
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17 CFR 41....................................... 144 On occasion....................... 2,739 0.05 1,620
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[[Page 59582]]
There are no capital costs or operating and maintenance costs
associated with this collection.
This estimate is based on the number of requests for such
designations submitted in the last three years. Although the burden
varies with the type, size, and complexity of the request submitted,
such request might involve analytical work and analysis, as well as the
work of drafting the request itself.
Dated: September 29, 2004.
Jean A. Webb,
Secretary of Commission.
[FR Doc. 04-22299 Filed 10-4-04; 8:45 am]
BILLING CODE 6351-01-M